What are the main reasons for the decline of the Philippines in the last six decades?
A combination of factors contributed to the decline of the Philippines in the last six decades. Firstly, the country experienced a period of political instability and economic stagnation following the end of the Marcos regime in 1986. This led to a lack of leadership and direction, which hindered the country ... from the 1990s to the early 2000s. Secondly, the Philippines was hit hard by the Asian financial crisis of 1997. This led to a sharp decline in foreign investment and a decrease in economic growth. Thirdly, the country was affected by a hurricane in 1999, which caused significant damage to the country’s economy. Finally, the country was also affected by the global financial crisis of 2008. These factors had a significant impact on the country’s economy and its ability to compete on a global scale.